Magma Housing Finance Senior Manager Salaries by 7 Employees (Updated 2025)

7 - 18 years exp.

₹3.6 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

59% less than the average Senior Manager Salary in Financial Services Companies for 7 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 13 - 14 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.1 L/yr
Data Science & Analytics Senior Manager Salary 15 - 18 years exp. (AmbitionBox Estimate)	₹12.8 L/yr - ₹15 L/yr
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Sales & Business Development Senior Manager Salary 9 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹5 L/yr
Marketing & Communication Senior Manager Salary 7 years exp. (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.4 L/yr

Last Updated: 15 Mar 2023

Companies similar to Magma Housing Finance for Senior Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Manager Salary 4 - 21 years exp. (6k salaries)	₹8 L/yr - ₹25 L/yr 72% more
Sammaan Capital Limited Senior Manager Salary 7 - 17 years exp. (65 salaries)	₹6 L/yr - ₹16 L/yr 16% more
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Piramal Capital Housing Finance Senior Manager Salary 5 - 20 years exp. (114 salaries)	₹8.9 L/yr - ₹35 L/yr 128% more
PNB Housing Finance Senior Manager Salary 6 - 16 years exp. (54 salaries)	₹9.5 L/yr - ₹26.3 L/yr 73% more
Can Fin Homes Senior Manager Salary 10 - 20 years exp. (29 salaries)	₹10 L/yr - ₹18.3 L/yr 68% more
Repco Home Finance Senior Manager Salary 8 - 20 years exp. (34 salaries)	₹8 L/yr - ₹16 L/yr 38% more
L&T Finance Senior Manager Salary 2 - 11 years exp. (318 salaries)	₹8 L/yr - ₹26 L/yr 97% more
Edelweiss Senior Manager Salary 6 - 17 years exp. (215 salaries)	₹7 L/yr - ₹25 L/yr 57% more	1 job opening
ICICI Securities Senior Manager Salary 0 - 12 years exp. (247 salaries)	₹5.4 L/yr - ₹20 L/yr 42% more
Motilal Oswal Financial Services Senior Manager Salary 6 - 19 years exp. (220 salaries)	₹4.5 L/yr - ₹19 L/yr 23% more
Bajaj Finserv Senior Manager Salary 3 - 13 years exp. (210 salaries)	₹8.5 L/yr - ₹30.2 L/yr 100% more	2 job openings
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Aditya Birla Capital Senior Manager Salary 2 - 15 years exp. (115 salaries)	₹4.5 L/yr - ₹19 L/yr 26% more
Wells Fargo Senior Manager Salary 8 - 18 years exp. (96 salaries)	₹13.2 L/yr - ₹47.9 L/yr 239% more	1 job opening
JPMorgan Chase & Co. Senior Manager Salary 10 - 17 years exp. (59 salaries)	₹11.6 L/yr - ₹37.8 L/yr 163% more
JM Financial Senior Manager Salary 8 - 17 years exp. (52 salaries)	₹6.6 L/yr - ₹22 L/yr 45% more
Bajaj Capital Senior Manager Salary 3 - 10 years exp. (43 salaries)	₹6.1 L/yr - ₹13.7 L/yr 1% more	7 job openings
Nippon Life India Asset Management Senior Manager Salary 7 - 20 years exp. (43 salaries)	₹10.5 L/yr - ₹25 L/yr 77% more
Sharekhan Senior Manager Salary 6 - 18 years exp. (30 salaries)	₹7.5 L/yr - ₹23 L/yr 89% more
Religare Senior Manager Salary 8 - 23 years exp. (28 salaries)	₹4.5 L/yr - ₹15.6 L/yr 15% more
Shriram Housing Finance Senior Manager Salary 7 - 17 years exp. (26 salaries)	₹8.4 L/yr - ₹16 L/yr 39% more

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Senior Manager salary at Magma Housing Finance ranges between ₹3.6 Lakhs to ₹15 Lakhs per year for employees with experience between 7 years to 18 years. Salary estimates are based on 7 latest salaries received from various employees of Magma Housing Finance.

Experience wise Magma Housing Finance Senior Manager salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹6.8 L/yr
8 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.4 L/yr
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9 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹10.2 L/yr
10 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
11 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
12 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
13 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹16.8 L/yr
14 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹18.4 L/yr
15+ years (AmbitionBox Estimate)	₹5 L/yr - ₹15 L/yr

View all

Similar Designation salaries in Magma Housing Finance

Deputy Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Sales Manager Salary

(22 salaries)

₹3.55 L/yr - ₹10.44 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹9.7 L/yr - ₹12.4 L/yr

Branch Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹6.5 L/yr - ₹8.3 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹12.1 L/yr - ₹15.4 L/yr

Area Sales Manager Salary

(7 salaries)

₹7.75 L/yr - ₹12 L/yr

Relationship Manager Salary

(100 salaries)

₹2.4 L/yr - ₹5.15 L/yr

Sales Officer Salary

(4 salaries)

₹2.5 L/yr - ₹3 L/yr

Team Lead Salary

(4 salaries)

₹4.4 L/yr - ₹4.5 L/yr

Salary related reviews for Magma Housing Finance

Assistant Manager Finance & Accounts in Pune

Finance & Accounting Department

3.0

• posted on 30 Jun 2022

3.0

for Salary and Benefits

Likes

Team work and learning experience was really good for a fresher. Politics was the worst one especially by the senior managers.

Dislikes

Politics especially by the senior managers. Few of them even harassed their subordinates.

Associate in Kolkata

Finance & Accounting Department

3.0

• posted on 18 May 2021

2.0

for Salary and Benefits

Likes

Job security is there but not growth. You will learn many things in first two years.

Dislikes

Depends on department to department. Poor work culture, higher management will give u lots of work by saying you are senior and you have to manage alone the task of two. Poor team management, seniors will put unnecessary pressure. No good compensation, no leadership quality in bosses. Repetitive and laborious job. No one talks about new idea. Your suggestions will not be consider in front of seniors.

Branch Credit Manager in Gwalior

Housing Finance Department

5.0

• posted on 23 Aug 2020

5.0

for Salary and Benefits

Likes

Magma housing finance working culture are good with 100% job satisfaction and job security. Magma help during Covid - 19 lock down through work from home to all employee and after lock down learn all security point like keep mask, keep 3 feet distance, hand wash etc all paint remember to all employee par day. Also Magma housing finance donate some fund in PM Covid - 19 fund which is help for Covid patent. THANKS TO MAGMA FOR GETTING THIS OPPORTUNITY TO ME

Dislikes

Sorry no dislike things

Relationship Manager in Eluru

Other Department

1.0

• posted on 11 Oct 2020

1.0

for Salary and Benefits

Likes

No supporting any employee. Only marketing publicity found transfer for pm account. With employee curshel situation covid19 time. my personal.

Dislikes

Magma company is super competaion to banks.but heads is very dangers, politics,

Assistant Credit Manager in Indore

Home Loan Department

5.0

• posted on 22 Jun 2020

5.0

for Salary and Benefits

Likes

The company is adaptive toward new and updated technology and changes with the current scenario. Teach a lot to the employee about the policies, work enhancement by their training sessions and empower them to give their best.

Dislikes

Company have decent schedule and work culture but not respected and practice by the team. Late night working, holidays forcefully working, more then 12 hours working, office politics, etc

see more salary related reviews

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Magma Housing Finance Senior Manager Salary FAQs

What is the salary of Senior Manager at Magma Housing Finance?

Senior Manager salary at Magma Housing Finance in India ranges between ₹3.6 Lakhs to ₹15.0 Lakhs for experience between 7 years to 18 years. According to our estimates it is 59% less than the average Senior Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Magma Housing Finance India.

How does the salary of a Senior Manager at Magma Housing Finance India compare with the average salary range for this job?

The average salary of a Senior Manager at Magma Housing Finance is 59% less than the average salary of a Senior Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magma Housing Finance to a Senior Manager in India?

Empower Retirement Senior Manager Salary - ₹39.5 Lakhs to ₹47.0 Lakhs per year
TSYS|Total System Services Senior Manager Salary - ₹30.0 Lakhs to ₹45.0 Lakhs per year
Wells Fargo Senior Manager Salary - ₹13.2 Lakhs to ₹47.9 Lakhs per year
MSCI Senior Manager Salary - ₹25.0 Lakhs to ₹35.0 Lakhs per year
JPMorgan Chase & Co. Senior Manager Salary - ₹11.6 Lakhs to ₹37.8 Lakhs per year

What is the salary of a Senior Manager in companies similar to Magma Housing Finance in India?

Envestnet Asset Management Senior Manager Salary - ₹12.0 Lakhs to ₹29.0 Lakhs per year
Piramal Capital Housing Finance Senior Manager Salary - ₹8.9 Lakhs to ₹35.0 Lakhs per year
Bajaj Finserv Senior Manager Salary - ₹8.5 Lakhs to ₹30.2 Lakhs per year
L&T Finance Senior Manager Salary - ₹8.0 Lakhs to ₹26.0 Lakhs per year
Sharekhan Senior Manager Salary - ₹7.5 Lakhs to ₹23.0 Lakhs per year

What is the estimated take home salary of a Senior Manager at Magma Housing Finance in India?

The estimated take-home salary of a Senior Manager at Magma Housing Finance ranges between ₹64,700 per month to ₹66,350 per month in India. The take-home salary calculation is based on the average Magma Housing Finance Senior Manager salary in India which ranges between ₹3.6 Lakhs to ₹15.0 Lakhs per year for employees with experience between 7 years to 18 years. Check how did we calculate take home salary?

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Magma Housing Finance Senior Manager Salaries

Magma Housing Finance Senior Manager salary in India ranges between ₹3.6 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.

Magma Housing Finance Senior Manager salaries in India

Companies similar to Magma Housing Finance for Senior Manager

Latest annual salaries shared by Magma Housing Finance Senior Manager

Experience wise Magma Housing Finance Senior Manager salaries

Similar Designation salaries in Magma Housing Finance

Salary related reviews for Magma Housing Finance

Assistant Manager Finance & Accounts in Pune

Associate in Kolkata

Branch Credit Manager in Gwalior

Relationship Manager in Eluru

Assistant Credit Manager in Indore

Magma Housing Finance Senior Manager Salary FAQs

Tell us how to improve this page.

Magma Housing Finance Senior Manager Salaries by Location